Disposal

Millfield Group PLC
30 March 2006


                               Millfield Group plc

                                    Disposal


The Board of Millfield Group plc ("Millfield") announces that contracts have
been exchanged and completed today for the disposal of its interests in RST
Group Limited and RST Audits Limited to James Ormston, the Managing Director and
principal shareholder in RST Group Limited.

Under the terms of the arrangements RST Group Limited and one of its
subsidiaries, RST Accountants Limited, will repay £500,000 of intra group
indebtedness to Millfield Group plc. Of this amount £400,000 has been repaid and
the balance of £100,000 will be repaid over the next six months. It is intended
that these amounts will be applied as additional working capital within the
Millfield Group.

The 20% interest in the capital of RST Group Limited and the 19% interest in the
capital of RST Audits Limited held by Millfield Group plc have been sold
together with the remaining intra group debt (with a book value of approximately
£3.5 million) to Mr Ormston and to a company associated with him, for a
consideration of £2.

The RST Group was primarily engaged in the provision of accountancy services and
advice and also engaged to a limited extent in the IFA business, which Millfield
had hoped to expand. In the event this has not proved to be practicable and this
transaction represents an opportunity for Millfield to exit this business area
releasing management time and financial resource which can be devoted to
Millfield's core business of the provision of financial advice.

Commenting on the disposal, Paul Tebbutt, Chief Executive of Millfield Group
plc, said: "RST is an accountancy practice in which Millfield acquired a
minority interest in 2003. The decision to dispose of our interest in the
company is part of the Board's strategy of focusing on our core financial advice
proposition and divesting of such activities that are non-core."

In the year to 31 March 2005 (the latest date to which audited accounts have
been made up) RST Group Limited and its subsidiaries incurred a loss on ordinary
activities before taxation of £479,263 (2004: £839,305). The net liabilities of
the RST Group on a consolidated basis were £150,870 at that date.

RST has been accounted for in the accounts of Millfield as a subsidiary and
accordingly the disposal is being treated as a related party transaction for the
purpose of the AIM Rules. The Directors of Millfield consider, having consulted
with Cenkos Securities Limited, Millfield's nominated adviser, that the terms of
the transaction are fair and reasonable so far as shareholders are concerned.

Press enquiries:

Andrew Waterworth / Louise Dolan: Financial Dynamics on 0207 831 3113



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